UK: Weakest rise in service sector output for 11 months

From pmi.spglobal.com

March PMI® data highlighted a considerable slowdown in business activity growth across the service economy. The tapering of growth was mostly linked to falling business and consumer spending due to concerns about the impact of the war in the Middle East. Moreover, margins were under pressure as input cost inflation accelerated to its highest for 11 months, driven by higher prices paid for fuel, transportation and raw materials. The headline seasonally adjusted S&P Global UK Services PMI Business Activity Index posted 50.5 in March, down from 53.9 in February and the lowest since April 2025. The final index ... (full story)